Property News

New home sales fell 12% in Victoria in October

by Chris Lang on November 29, 2012
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According to the latest media release by the HIA (Housing Industry Association) new home sales “climbed off the mat on October” everywhere, but in Victoria. The chart published by the HIA shows that ever since April 2011 the global trend of new private dwelling sales was downwards. In particular, the sales were dropping significantly every […]

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3 Great Green Houses in Australia

by Greg on September 15, 2012
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The people of Australia have been very focused on building sustainable homes. Below are three cool eco houses in the region.

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New home building fell back into recession

by Chris Lang on September 13, 2012
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According to the latest press release by the HIA, Australia’s new home building sector fell back into recession in 2011/12. ABS Dwelling Commencements update for June 2012 has shown that the current number of new home commencements in 2011/12 fell 11.7 per cent to 138,852. Dr. Harley Dale, HIA Chief Economist, says that there have […]

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Australian Kitchen and Bathroom of the Year 2012

by Chris Lang on September 4, 2012
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If you’re looking for some inspiration to kick-start your kitchen or bathroom reno project – look no further. The ideas you’re about to see won the HIA Australian Kitchen and Bathroom of the Year 2012 Award – and it’s easy to see why. Everyday Homes Pty Ltd won the Australian Bathroom of the Year. The […]

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Wishing won’t make a housing boom

by Chris Lang on June 13, 2012
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Despite Australian’s love affair for residential property, Australia’s housing market might just be losing friends at a faster pace than facebook. The latest loss is the Reserve Bank of Australia after governor Glenn Stevens said on Friday it should not “engineer a return to a housing price boom.” Speaking in Adelaide to the American Chamber […]

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Housing industry faces recession

by Chris Lang on June 1, 2012
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Not often do we get to see the words ‘recession’ and ‘housing’ in the same sentence (at least where Australia is concerned). But this fortnight the dreaded ‘R’ word appeared in two press releases, and considering the source – HIA, the voice of the housing industry – I’d say things don’t…

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Australian Home Of The Year 2012

by Chris Lang on May 23, 2012
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On the 18th of May 2012 at HIA-CSR Australian housing awards ceremony held at the Gold Coast Convention Centre, the top award winner was revealed.

The most talented designers and builders nation-wide were competing for the top award – Australian Home of the Year 2012. A whole list…

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Will this rate cut save the property market?

by Chris Lang on May 2, 2012
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As many of you know, yesterday the RBA cut the interest rate by half of one per cent. The motive was to ignite growth in the economy as a whole, and to try and reverse the downward trend in property prices, in particular. Is there a reason why the RBA should be worried about the property market?

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Housing in 2012: starting from a weak point and deteriorating further

by Chris Lang on April 19, 2012
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I’ve just received the 2 latest press releases from the HIA (Housing Industry Association), and, combined, they draw an interesting picture: The ABS figures released on 18 April confirm that December 2011 quarter was very weak for new houses and major renovations / alterations. This means that the activity in those areas declined by 1.8%. […]

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The HIA Melbourne Home Show

by Chris Lang on April 4, 2012
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Dear renovators, builders and home owners – mark these dates in your calendar, because you don’t want to miss the HIA Melbourne Home Show. From Thursday 26 April till Sunday 29 April you will have a rare chance to see all the latest trends in building, renovating, home improvements and more, under one roof, in […]

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House and unit prices declined in January 2012

by Chris Lang on February 13, 2012
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“Am I paying too much?” is a big question on any prospective home buyer’s mind (and if it’s not – it should be). Of course the only way to answer that question is to watch the property market. In the past some used to argue that watching the market won’t achieve you anything because the […]

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